Circular No. 123/1998/TT-BTC guides the use of earmarked funds for living support and awards within the State Treasury system.

CIRCULAR

Guidelines for the use of designated funds, support expenses, and rewardslife, rewards

within the State Treasury system

Pursuant to Circular No. 141/TB-VPCP dated August 15, 1998 of the Government Office regarding the notification of the conclusions of the Deputy Prime Minister Nguyen Tan Dung at the meeting with the State Treasury on August 1, 1998;

Pursuant to the characteristics of the activities of the State Treasury;

Following Circular No. 15 TC/TVQT dated February 27, 1996 of the Ministry of Finance "regulating financial management systems for the State Treasury system" and Circular No. 22 TC/TVQT dated May 8, 1997 guiding amendments and supplements to Circular No. 15 TC/TVQT dated February 27, 1996 of the Ministry of Finance;

The Ministry of Finance hereby guides the use of the designated funds that the State Treasury receives according to regulations due to the implementation of state programs (referred to as designated funds); additional support funds for living expenses and reward funds from the difference between income and expenditure arising during the process of implementing transaction settlement operations of the State Treasury system as follows:

I. DESIGNATED FUNDS:

1. Designated funds of the State Treasury system include:

1.1. Designated funds from the issuance of government bonds as stipulated in Circular No. 75 TC/KBNN dated September 14, 1994 of the Ministry of Finance.

1.2. Operational management funds for Program 327 and the 5 million hectare forest program.

1.3. Interest on loans for job creation (Program 120), the portion retained by the State Treasury as stipulated in Decision No. 950 TC/HCSN dated October 19, 1996 of the Minister of Finance.

1.4. Fees for traffic violation penalties as stipulated in Circular No. 09 TC/CSTC dated February 2, 1996 of the Ministry of Finance.

1.5. Other types of designated funds as prescribed.

2. The designated funds shall be used for the following purposes:

2.1. To allocate 60% for operational expenses: Including expenses serving operational activities as specified in point 1 above:

- Printing, documents, ledgers, seals.

- Training, publicity, mid-term reviews, final summaries.

- Purchasing equipment, working tools, vault facilities, capital adjustment.

- Construction, repair, rental of transaction sites serving the aforementioned tasks.

- Management work.

- Other business operation expenses.

2.2. To allocate 40% for staff directly and indirectly involved in the aforementioned operational activities. The average expenditure shall not exceed 150,000 dong per person per month.

3. Each program's designated fees must be managed and expended in accordance with the program's purpose, recorded and settled in compliance with relevant regulations suitable for the requirements of each type of operational activity.

II. THE DIFFERENCE BETWEEN INCOME AND EXPENSES ARISING DURING THE IMPLEMENTATION OF TRANSACTION SETTLEMENT OPERATIONS OF THE STATE TREASURY

The expenditure of the difference between income and expenses arising during the implementation of transaction settlement operations of the State Treasury shall comply with the provisions of Circular No. 15 TC/TVQT dated February 27, 1996 of the Ministry of Finance regulating financial management systems for the State Treasury system and Circular No. 22 TC/TVQT dated May 8, 1997 of the Ministry of Finance guiding amendments and supplements to Circular No. 15 TC/TVQT dated February 27, 1996 of the Ministry of Finance.

Specifically, for the 50% portion (within the 90% allocated for certain activities of the State Treasury with special characteristics and to supplement certain expenditures not fully covered by the state budget) shall be distributed and used as follows:

- 20% to supplement management costs for operational activities: security for treasury vaults, counting, preservation, transportation, loading and unloading of money, publicity for treasury operations, supplementary funding for scientific research and training of personnel, inspection and supervision activities, information technology, and mobile operations.

- 20% to provide additional living support for State Treasury staff.

- 10% to establish a reward fund established and distributed by the Central State Treasury.

III. REWARD FUNDS:

1. Reward funds of the State Treasury are established, distributed, and used throughout the State Treasury system from the following sources:

- 10% of the difference between income and expenses arising during the implementation of transaction settlement and payment operations, as established and distributed by the Central State Treasury as mentioned in Part II above.

- Other sources as regulated.

2. All collectives and individuals within and outside the State Treasury system who complete assigned tasks or contribute to the State Treasury completing its tasks shall be eligible for rewards in the following forms:

2.1. Regular rewards:

For collectives and individuals within the State Treasury system: Based on the quality of work of the collective or individual and the union's vote or the review of the competition council at various levels.

2.2. Special rewards:

In cases where collectives and individuals within and outside the State Treasury system have outstanding achievements helping the State Treasury complete its tasks, based on the current reward fund and the achievements of the collective or individual, the head of the State Treasury at all levels shall issue decisions on rewards as follows:

- The General Director of the State Treasury may issue a decision to award up to 10,000,000 dong (ten million dong) to a collective and up to 2,000,000 dong (two million dong) to an individual.

- The Director of the State Treasury in provinces and centrally-administered cities may issue a decision to award up to 5,000,000 dong (five million dong) to a collective and up to 1,000,000 dong (one million dong) to an individual.

- The Director of the State Treasury in districts and towns may issue a decision to award up to 1,000,000 dong (one million dong) to a collective and up to 300,000 dong (three hundred thousand dong) to an individual.

Each collective or individual shall not be eligible for more than two special awards in a year, except in special cases which require the approval in writing from a higher-level State Treasury.

3. Reward funds in the State Treasury system must be managed, recorded, and reported in accordance with current regulations.

This circular takes effect from January 1, 1998. The General Director of the State Treasury is tasked with providing detailed guidance on the use of designated funds, the level of additional living support, the level of rewards, organizing inspections of the implementation of current regulations and the provisions of this circular throughout the State Treasury system.